If your healthcare practice is hemorrhaging money, get a budgetary band aid from the lovely folks at Revco Solutions, LLC. Debt collection doesn’t have to be cruel. Read the company’s new guide for clinics today!
Need some guidance on revenue collection for your healthcare practice? Read the new report from Revco Solutions today!
While most of you in the health sector are focusing on delivering the highest standards of patient care, losing sight of the business side of practice operations can be catastrophic for your clinic. In light of this, the revenue recovery consultancy has released a new guide to the collections process for the health industry.
Revco Solutions, LLC has launched '7 Things To Confirm About Your Healthcare Collection Agency.' The article offers you a detailed explanation of the essential criteria that you need to be aware of to maximize your medical practice's financial potential and minimize unnecessary losses.
Stop writing off unpaid bills, get advice from the best in the business. For a new direction when it comes to collection, choose Revco Solutions. More details at https://revcosolutions.com/6-things-to-confirm-about-your-collection-agency
The newly published report covers a range of topics from insurance and industry-specific support, to recovery rates and procedures. The Revco website is full of expertly curated content to help inform and educate you on a range of topics.
According to Single Care, medical debt is a growing problem in the US. Surveys suggest that around 25 percent of Americans have trouble paying for the healthcare they need with many taking out loans on unfavorable terms to settle debts incurred through treatment.
The company recommends implementing insurance denials management of outstanding accounts. This can prevent unpaid bills from reaching bad debt status, the collection of which you should see as a last resort in the revenue cycle of your healthcare businesses.
Other preventive measures include pre-registration call campaigns, early out self-pay AR management, presumptive charity scoring, and Medicaid billing and enrollment.
The Revco guide also discusses medical debt, advocating for the integrity of collection procedures. Most unpaid bills are a reflection of unintentional financial issues with the necessity of treatment forcing many people to let accounts fall into arrears. The ACA Pledge outlines a commitment to seeing patients as partners and that you should pursue financial resolution with dignity and respect.
About Revco Solutions, LLC
The company was formed in 2019, bringing together two established agencies – Professional Recovery Consultants and Credit Bureau Collection Services – to officially rebrand as Revco Solutions, LLC in 2020.
A spokesperson says, “Take your accounts receivables to a new level with a new name in collections. We employ a long-tenured staff who are afforded the training, resources, and support to bring their best selves to every interaction with your consumer base.”
With the release of its new guide, Revco Solutions affirms its growing reputation as a collection agency with integrity and expertise, providing the healthcare sector with vital revenue preservation services.
For the very best in collecting bad debts, choose Revco. Find out more here: https://revcosolutions.com
If you need advice on anything relating to collections, talk to Revco Solutions, LLC now!
